Geithner: Obama Willing To Go Over The Cliff If GOP Won’t Agree To Tax Hikes

Appearing on CNN’s State of the Union with Candy Crowley Treasury Secretary Timothy Geithner:

“If Republicans are not willing to let rates go back up – and we think they should go back up to the Clinton levels, a time when the economy is doing exceptionally well – then there will not be an agreement,”

“If they are going to force higher rates on virtually all Americans because they’re unwilling to let tax rates go up on 2 percent of Americans, then that’s a choice they’re going to have to make, But, they will own the responsibility for the damage to the American economy.”

GET MORE STORIES LIKE THIS

IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.